He's so right on so many points that it comes highly recommended.
Once you understand money creation and the rentier class, and what it does to innovation, job advancement based on merit and new company/job creation, you understand how the system works.
Basically: think of it as a new form o feudalis serfdom, now run by 6000 ultra-elite of the world along with the supranational corporations that can control whole nations.
He's so right on so many points that it comes highly recommended.
Once you understand money creation and the rentier class, and what it does to innovation, job advancement based on merit and new company/job creation, you understand how the system works.
Ref:. https://michael-hudson.com/wp-content/uploads/2021/07/04866134211011770.pdf
You can read the critiques too (some of it is off-mark, some valid): https://www.jjay.cuny.edu/sites/default/files/contentgroups/economics/mason_response_to_hudson_gordon_lecture.pdf
easy summary: https://www.youtube.com/watch?v=F5K6JnHxdsE
Basically: think of it as a new form o feudalis serfdom, now run by 6000 ultra-elite of the world along with the supranational corporations that can control whole nations.
I read the transcript, but the interview is a podcast. Really wanna pick up this guy’s book now.